Lavoro To Begin Offering Customers Real-time Soil Analyses Through Partnership With Stenon
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Lavoro Limited (NASDAQ:LVRO) announced a partnership with German agriculture innovator Stenon to offer real-time soil analyses to its customers in Latin America. The FarmLab tool measures soil parameters such as nitrogen, phosphorus, and magnesium, enabling precise identification of chemical elements necessary for plant growth and yield optimization.
June 20, 2023 | 8:09 pm
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Lavoro's partnership with Stenon to offer real-time soil analyses in Latin America could improve productivity and cost savings for farmers, potentially increasing demand for Lavoro's services.
The partnership with Stenon allows Lavoro to offer a unique and innovative service to its customers in Latin America. Real-time soil analyses can help farmers optimize their plant growth and yield, leading to increased productivity and cost savings. This could result in higher demand for Lavoro's services, positively impacting its stock price in the short term.
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